Economic Development Assistance Programs Including CARES Act Funding
Contact the appropriate state economic development representative.
Economic Development Assistance (EDA) funding is provided to rural and urban communities in distressed regions to support the implementation of regional economic development. The goal is to spur job creation, leverage private capital investments, and strengthen America's ability to compete in a global marketplace.
Past projects have included funding for water and wastewater projects in hospitals and healthcare facilities and road infrastructure projects that would support the expansion of healthcare facilities.
Funding is available for:
Public Works Projects:
- Water and sewer system improvements
- Industrial parks
- Shipping and logistics facilities
- Workforce training facilities
- Brownfield development
- Telecommunications infrastructure and development facilities
Economic Adjustment Assistance:
Awards funding to projects that have specific solutions for regional economic development. Projects must foster collaboration, create jobs, and attract investment. EDA CARES Act Recovery Assistance is designed to provide a wide-range of financial assistance to communities and regions as they respond to, and recover from, the impacts of the coronavirus pandemic. EDA solicits applications under the authority of its Economic Adjustment Assistance (EAA) program, which is intended to be flexible and responsive to the economic development needs and priorities of local and regional stakeholders.
Economic Development Assistance investment priorities are updated quarterly.
A project must be located in a region that meets one (or more) of the following economic distress criteria:
- A 24-month unemployment rate that is at least 1 percentage point greater than the national average
- Per capita income that is not more than 80% of the national average
- "Special Need," as determined by EDA and as discussed in section C.3 of the application instructions
Entities eligible to apply include:
- District organizations
- Indian tribes or a consortium of tribes
- States, cities, or other subdivisions of a state
- Institutions of higher education
- Public or private nonprofit organizations
Generally, the amount of the EDA grant may not exceed 50% of the total cost of the project. Projects may receive up to an additional 30%, based on the relative needs of the region in which the project will be located.
The Public Works and Economic Development Facilities program offers grants from $200,000 to $3,000,000.
The Economic Adjustment Assistance program offers grants from $100,000 to $1,250,000.
Links to the full announcement and electronic application are available through grants.gov.
EDA staff provides technical assistance to prospective applicants to assist in proposal development and application submission. Applicants are strongly encouraged to contact the appropriate state EDA representative before beginning the proposal preparation process.
For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.